Gimv acquires minority stake in Legallais

The company's current CEO Philippe Casenave-Péré remains the main shareholder together with the founding family, key executives and private equity firm Siparex, which is exiting most of its shares to Gimv.

Gimv stated it will support the company's further growth in France and other selected European markets, with the primary focus on regions within France where it is less present.

The company doubled its turnover during Siparex's holding period through organic growth and acquisitions. It also expanded its product lines, broadened its customer base and extended its logistics and distribution. In the future, Legallais will consider buy-and-build opportunities in France and other European markets.

Previous funding
In July 2010, Siparex took a minority stake in Legallais. The undisclosed investment was made via the Siparex Midmarket II fund. unquote" estimated the deal's value between €5-12m at the time.

Company
Founded in 1889, Legallais distributes ironmongery products to professionals across France, targeting locksmiths, carpenters and building companies. The group operates out of Caen, with affiliates in Germany and Poland, and currently employs 1000 people.

Legallais posted a turnover of €225m in 2015 and claims to have 40,000 clients.

People
Gimv – Anne Caron (partner).
Legallais – Philippe Casenave-Péré (CEO).

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